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will find a mechanism to discuss all the disputes it's basically about oil and gas it's always about energy so who's going to exploit water. so they're going to sell his brother in the china sea. no it's not i hope i'm right it's it's it's so odd to we we are getting from the political leadership from these southeast asian nations and also from the chinese as china doesn't want a confrontation with the south east southeast these especially because most of these countries if not all of them their major trading partner is guess it china of course you would probably already know the reference currency all over southeast asia nowadays it's not the us dollar anymore it's the you one and now you can change it you one virtually everywhere even in a shopping mall in bangkok for that matter so it's going to be the future reference carus and trade between china is going to grow exponentially so there's no need for a war what do we have is a competition for a gemini between china india and the us it involves not only the south china sea but this whole arc that goes from the arabian sea across the sout
will find a mechanism to discuss all the disputes it's basically about oil and gas it's always about energy so who's going to exploit water. so they're going to sell his brother in the china sea. no it's not i hope i'm right it's it's it's so odd to we we are getting from the political leadership from these southeast asian nations and also from the chinese as china doesn't want a confrontation with the south east southeast these especially because most of these countries if not all of them...
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2008 and 2009 very easily with an order of magnitude greater trade we can see the recurrence of the energy crisis for mr. petersen when he was the secretary of commerce which completely blindsided the government. what can we do to get this out in a clear way? >> secure the chairman but this is a subject that i have thought about. i tend to think of to possible crises. one is a short and medium-term crisis in which we experience partly of the time of the debt limit in the super committee debacle. the financial markets this confidence in the country, and you have a european style crisis. that's the short term at which point it's very hard to get money, interest rates and so forth. even the best case if we don't take action, you have a long-term growth crisis. why do i say that? what does it take for us to grow? it takes investments in the future. it takes investment in equipment and science education and infrastructure and so forth. the question many people don't want to consider is when we get those resources? i asked our research department of the would make a prediction from important the
2008 and 2009 very easily with an order of magnitude greater trade we can see the recurrence of the energy crisis for mr. petersen when he was the secretary of commerce which completely blindsided the government. what can we do to get this out in a clear way? >> secure the chairman but this is a subject that i have thought about. i tend to think of to possible crises. one is a short and medium-term crisis in which we experience partly of the time of the debt limit in the super committee...
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for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you cannot please all the people all the time, andrew. m exporting this research help the u.s. economy and help your customers in a better position to buy more of what you make? >> i would say to you, that is not a dow chemical conversation. that is a conversation for the country. if that does not get the right structure in this country, we will go to countries where we can and we do. liz: if they got approval, would you pull that texas investment. >> we can see exports coming out of this country off to a certain amount without affecting the price. one terminal does not cr
for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you...
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as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the two asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power with government. over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich nations have all hidden under the south china sea china claims most of the territory for itself but india has also managed to get access by buying a stake in a vietnamese gas field shortly after hanoi accuse chinese boats of sam with dodging exploration india warned it's ready to use force to defend its interests hopefully as i said the should not be leading to a longer term conflict but you know it's inevitable because both of these countries now large and visions are becoming global actors and players both china and india have been pumping billions of u.s. dollars into their armies and navies holding dr
as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the two asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power with government. over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich nations...
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is now officially under construction the project brings together europe's biggest energy. russian gas pump straight to the continent. reports all of the. sun the sun. their holiday and now this also becoming. the start of the construction of one of the most uncertain. systems on earth no surprise there are plenty of. breaking sermon. the importance being placed on the i checked preston. here to be. red. to bulgaria and on to greece and austria the project was dreamed up to the idea the more the man not the was the mo pump the more secure the delivery to customers will be now it's a need that arose after transit countries ukraine and particularly disrupted delivery on a number of occasions and the pots to fifty percent of the pipeline will be owned by russian energy giant gazprom the rest us but with its lead france and germany however may need euro question whether this project is even needed critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to sto
is now officially under construction the project brings together europe's biggest energy. russian gas pump straight to the continent. reports all of the. sun the sun. their holiday and now this also becoming. the start of the construction of one of the most uncertain. systems on earth no surprise there are plenty of. breaking sermon. the importance being placed on the i checked preston. here to be. red. to bulgaria and on to greece and austria the project was dreamed up to the idea the more the...
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it is medical research, research on new energy sources. entrepreneurs come out of these kinds of advances where we see basic research funded by the government that we take for granted. if we keep cutting that and not being sure about it, even r&d tax credits. doing them retroactively -- than if the country said, we are doing it anyway, we are taking a chance. we have to make it permanently. . >> from a democratic side, the federal government classifies -- keeps track of the total share of spending that goes into investment in research and development, the infrastructure, education, and spending. 31.2% were payments to individuals. today, 15.6% of the -- 50.6% of the government is for individuals. can you sustain the programs that democrats see as critical for investing in the next generation without finding ways in a graying society to control the growth of entitlement spending more than the affordable care at? >> we have a democratic shift happening. it is happening for the next 25 years. many of us baby boomers would like to live forever
it is medical research, research on new energy sources. entrepreneurs come out of these kinds of advances where we see basic research funded by the government that we take for granted. if we keep cutting that and not being sure about it, even r&d tax credits. doing them retroactively -- than if the country said, we are doing it anyway, we are taking a chance. we have to make it permanently. . >> from a democratic side, the federal government classifies -- keeps track of the total...
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the sand up the pipeline will be owned by russian energy giant gazprom the fastest but its least germany however may need to europa question whether this project is different media critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this is the big question will be hoping beyond choppy waters to face our own very c.e.o. they will be going directly and well back to our top story the tens of thousands of people protesting against egypt mohamed morsi alcide his presidential palace in cairo for more on this we're joined from the scene the boy reporter true about what exactly happened how did the crowds make it past the barricades in truth the presidential palace area. we saw what is cryonics. to storm the republican guards barricades and flooded into the streets outside the presidential palace where they are now as you can probably see behind me there are hundreds and thousands of protesters who met in the middle because there's a barricades on e
the sand up the pipeline will be owned by russian energy giant gazprom the fastest but its least germany however may need to europa question whether this project is different media critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this is the big question will be hoping beyond choppy waters to face our own very c.e.o. they will be going directly...
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companies to invest their pension funds for many entities doing business with iran's energy sector. and the degree of this year, senator casey author a bipartisan resolution passed by unanimous vote of the senate expressing concern for the iranian freedom of right to assembly, speech and due process. at a year earlier, the iranians had taken to the streets to lead peaceful demonstrations against the government or to be repressed by the besieged militiamen. during times of both peace and conflict, center casey has traveled to the region to see the part of our interest and our allies. in july he met a senate delegation and the middle east to discuss the threat posed by iran and to review the developments in the middle east peace process. senator kasey hayes traveled to saudi arabia, kuwait, iraq, israel, the west bank, lebanon, egypt where he met with top officials. he met with u.s. troops in iraq and kuwait, and in iraqi mess with vice president biden and the general ray odierno, commander of the u.s. troops. more recently, senator casey has strong support of israel during the fighti
companies to invest their pension funds for many entities doing business with iran's energy sector. and the degree of this year, senator casey author a bipartisan resolution passed by unanimous vote of the senate expressing concern for the iranian freedom of right to assembly, speech and due process. at a year earlier, the iranians had taken to the streets to lead peaceful demonstrations against the government or to be repressed by the besieged militiamen. during times of both peace and...
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department of energy releasing a study that could influence president obama's decision to grant approval for companies to build export centers. >> it is okay, in terms of employment, because there are $90 billion of projects in the books right now. it ignores the manufacturing sector. enron takes the report and puts it in motion. we will see a catastrophic disruption of jobs in this country. cheryl: joining me for the rest of liz's interview on "countdown to the closing bell." employees of random house are in for a lot of green thanks to "50 shades of gray." dennis: first, let's take a look at some of today's winners on the nasdaq. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you knomore so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need . it's anothereason more investors are saying... [ all ] i'm with scottrade.
department of energy releasing a study that could influence president obama's decision to grant approval for companies to build export centers. >> it is okay, in terms of employment, because there are $90 billion of projects in the books right now. it ignores the manufacturing sector. enron takes the report and puts it in motion. we will see a catastrophic disruption of jobs in this country. cheryl: joining me for the rest of liz's interview on "countdown to the closing bell."...
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price of energy, energy being gasoline, natural gas and home heating fuels. and then education follows that. so when you move away from what washington, to what i'm most concerned about, this is the to do list people are very interested in. looking at that graph, the ones the most important, social security and medicare, most important of those over 50, democrats and independents, white households and then you look down and interestingly education, affordability and outcomes number one, young, 18-29 african-americans and hispanics. finally, we asked people, and when it comes to getting country's finances under control, how effective do you think each of the following would be at reducing the debt, reducing the deficit, cutting the national debt? what would be effective? increasing taxes to american families making over $250,000 a year was the number one response at 76%. reducing taxes to spur economic growth and jobs 73%. reducing spending on military and national defense, number three. increasing taxes on all americans. majority of americans, reducing spendi
price of energy, energy being gasoline, natural gas and home heating fuels. and then education follows that. so when you move away from what washington, to what i'm most concerned about, this is the to do list people are very interested in. looking at that graph, the ones the most important, social security and medicare, most important of those over 50, democrats and independents, white households and then you look down and interestingly education, affordability and outcomes number one, young,...
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energy production in 2014. we will be joined by adam sieminski and frank verrastro. >> i think writers institute is something that is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to invasion -- envision things. we ourselves are not completely tied to print on the page, but there is no other art forms so readily accessible other than perhaps film, which we work with, too. there is something in literature that just captures the human spirit. >> this weekend, joined "book tv" and "american history tv" as we look at the historic and literary life of new york's capital, albany. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated it would cost 700,000. >> i choose to honor both, both the sacrifice of american servicemen fighting their way to the pacific and of a little girl who died as a result of an atomic bombing. it is unimaginable but that must of been like -- what tha
energy production in 2014. we will be joined by adam sieminski and frank verrastro. >> i think writers institute is something that is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to invasion -- envision things. we ourselves are not completely tied to print on the page, but there is no other art forms so readily accessible other than perhaps film, which we work with, too. there is something in literature that just...
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it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to china. not necessarily entirely the case. >> a lot of manufacturing jobs require a certain amount of math skill now that was not required 20 or 30 years ago. unfortunately we hear time and again from chief executives, they have hard time filling those fairly high level manufacturing jobs, high skill required manufacturing jobs. >> this is what ceo of general electric stressed in the jobs council for the president, listen up, mr. president. junior colleges is where you can make a difference. >> vocational skills. >> i don't feel it's -- look, washington is focused on different things across the b
it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to...
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later, we look of the energy information administration's annual energy outlook, 2013, with that report out this week on the future of energy production. ♪ >> the supreme court will look at what was passed in 2008 by a majority of 6-3, and they will say that this precedent. and, indian head a voter idea -- id -- indiana had a voter i.d.. >> it was constitutional for them to establish identification. they did not say that all of those states where subsequent. >> exactly. they talked about indiana. let me finish, because you are misrepresenting what i say. the supreme court is the law of the land. when i hear the accusations voter i.d. laws disproportionately effect minorities, it implies to me that we have something missing in our brain, or we are lesser than. if what americans can get the id, and follow the laws, where you telling black people? -- what are you telling black people? that they're not good enough? that bothers me coming from the democrats and the left, then there has to be special concessions when dealing with minorities because they cannot follow the rules like everybod
later, we look of the energy information administration's annual energy outlook, 2013, with that report out this week on the future of energy production. ♪ >> the supreme court will look at what was passed in 2008 by a majority of 6-3, and they will say that this precedent. and, indian head a voter idea -- id -- indiana had a voter i.d.. >> it was constitutional for them to establish identification. they did not say that all of those states where subsequent. >> exactly. they...
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china is doubling down on energy research. we can't do that for economic reasons. >> right. >> i like winning. >> budget is about policy, and it creates your priorities. >> the other thing is, there is a big issue -- big economic issue beyond jobs and beyond the deficits. and that is how do we create an economy in which the middle class is growing, in which people work hard and can get ahead? and all the things that you mentioned are important to that task. so we can't give up on that. >> two other points also. if by going after discretionary -- that's just another form of kicking the can down the road. you know, if you're not going to invest in education or the future, that is no different than not attacking -- >> can i also tell you also, it is -- it's also being a doctor. i always talk about being a doctor that opens up a patient, sees cassi s cancer, closes you you're fine. that's also a doctor who decides they're going to decide to take off a wart. erskine bowles said every dime washington took in went to pay off medicaid
china is doubling down on energy research. we can't do that for economic reasons. >> right. >> i like winning. >> budget is about policy, and it creates your priorities. >> the other thing is, there is a big issue -- big economic issue beyond jobs and beyond the deficits. and that is how do we create an economy in which the middle class is growing, in which people work hard and can get ahead? and all the things that you mentioned are important to that task. so we can't...
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very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move fo
very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect...
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it's probably at least 500 times less in energy. and so we've had a sequence of 7.3, 6.2 and then going through 5.5 down to 4.8. so a cluster of earthquakes. they're relatively shallow, which means they're at the outer rim of where they're generated, which is why probably the devastation isn't enormous. and the earthquake mechanism is one which would tend to generate a tsunami. but the reports seem to suggest that it's about one meter high. perhaps a little bigger. these things vary depending on the shape of the coastline. >> what is the key determinant predicting how big a wave that you you get? >> it gets complicated because obviously the bigger the earthquake, but one of the most important things is the direction the earth moves. we've had some very, very large earthquakes including off sumatra where we expect differen effectively get side way slip. this is what we call a thrust vault where one side moves up with respect to the other. and those are always very tricky. because that moves the sea floor up and that sdw generate a ts
it's probably at least 500 times less in energy. and so we've had a sequence of 7.3, 6.2 and then going through 5.5 down to 4.8. so a cluster of earthquakes. they're relatively shallow, which means they're at the outer rim of where they're generated, which is why probably the devastation isn't enormous. and the earthquake mechanism is one which would tend to generate a tsunami. but the reports seem to suggest that it's about one meter high. perhaps a little bigger. these things vary depending...
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so take 5-hour® energy. just open it up, knock it back and roll up your sleeves. 5-hour energy® is faster and easier than coffee... man, does it work! you'll get that alert, energized feeling you need to get stuff done... a lot of stuff. wow! look at you go. >>> if you believe the housing recovery is here to stay, take a look at lumber liquidators, ll for you home gamers. we're big fans of housing related here on "mad money." it's a major retailer of hardwood floors. the kind of thing you buy to spruce up your home or build a new one. lumber liquidators has been on a huge run, about 200% since the beginning of the year, but pulling back over the last month, now about six points off of its high, in part because you have to believe people are ringing the register ahead of the fiscal cliff so they can pay a lower capital gains rate. there's another reason, though, back at the end of october, the company reported a fabulous quarter, with earnings coming in at 46 cents a share, 12-cent beat, same store sales up
so take 5-hour® energy. just open it up, knock it back and roll up your sleeves. 5-hour energy® is faster and easier than coffee... man, does it work! you'll get that alert, energized feeling you need to get stuff done... a lot of stuff. wow! look at you go. >>> if you believe the housing recovery is here to stay, take a look at lumber liquidators, ll for you home gamers. we're big fans of housing related here on "mad money." it's a major retailer of hardwood floors. the...
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. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. thrillerer ♪ thriller thriller night remember that? >> do it again. >> that was the move. the move. that was the move. >> you guys both know how to move. i don't. >> that's right. >> what does a zombie attack have to do with your tax dollars? one has actually funded the other believe it or not. >> the story is crazy just one example of what some say is a huge waste of money. abc's john karl has more. >> reporter: the zombie apocalypse. this isn't a really bad b movie, it an actual scene from the 2012 counterterrorism summit attended by law enforcement officials around the country. summit tickets, $1,000 a pop. paid for with your tax dollars. the zombies look scary, but organizers say the skit was solely to add levity to an otherwise serious meeting on protecting the homeland. senator tom cobu
. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. thrillerer ♪ thriller thriller night remember that? >> do it again. >> that was the move. the move. that was the move. >> you guys both know how to move. i don't....
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meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financi
meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill...
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maybe you have some energy- saving appliances, like an energy star-rated washer and dryer. but what about your tv? chances are it's on more than your washer, dryer, and kitchen appliances combined. did you know that if half of us in the u.s. replaced our regular tvs with
maybe you have some energy- saving appliances, like an energy star-rated washer and dryer. but what about your tv? chances are it's on more than your washer, dryer, and kitchen appliances combined. did you know that if half of us in the u.s. replaced our regular tvs with
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[captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- our big story tonight --
[captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- our big story tonight --
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. >>> a major green light from the energy department for oil and gas. believe it or not, it calls for more drilling here, more exports of our own resources, drill, drill, drill. we will have the details next up. and don't forget, free market capitalism is the best path to prosperity. just look at the energy industry, what is happening there, if government would just take its paws off it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. sponsored report gave a full endorsement that more liquid natural gas exports will help our economy and more shale oil and gas production will make us energy independent. question, will the epa keep its snout out of this great breakthrough energy process? here now to tell us is john hoffmeister. john, what's this take on th
. >>> a major green light from the energy department for oil and gas. believe it or not, it calls for more drilling here, more exports of our own resources, drill, drill, drill. we will have the details next up. and don't forget, free market capitalism is the best path to prosperity. just look at the energy industry, what is happening there, if government would just take its paws off it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about...
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big move for walter energy today, back to you. liz: nicole, suddenly the dow has doubled its gains, we were up about 14, 15 points, we're now up 31, 32. sandra, what are you looking at? >> i want to bring up an intraday chart, and while a 32-point gain isn't substantial, it is the highs of session, and it's very similar to what we saw in yesterday's trading session right at the end of the day. we reached -- here's a two-day chart. this is the end of the session yesterday. highs right as we were closing up at in this time yesterday. so sort of a bullish trend to see that happen. also, by the way, if you look at the same chart with the s&p, s&p cloalzed at its highs of the session yesterday. just off them now but still holding on to a gain of about three and a half points. lots of movers to look at in today's session. lu lu lemon up 3% in today -- 7% in today's session. up 54% so far this year. it just continues to crush, guys, beat earnings expectations. same-store sales up 18%, but it's pretty pricey, guys, the pe's 48 here. men's
big move for walter energy today, back to you. liz: nicole, suddenly the dow has doubled its gains, we were up about 14, 15 points, we're now up 31, 32. sandra, what are you looking at? >> i want to bring up an intraday chart, and while a 32-point gain isn't substantial, it is the highs of session, and it's very similar to what we saw in yesterday's trading session right at the end of the day. we reached -- here's a two-day chart. this is the end of the session yesterday. highs right as...
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we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >> essentially we're talking about the ford fusion hybrid and the ford c-max hybrid. both of those models claim, according to ford, they are believed to get 47 miles per hour. that's how ford advertises them. that's on the sticker eer on t windows. consumer reports brought them in, did the testing. according to consumer reports, the fusion and c-max hybrids do not get 47 miles per hour. the c-max gets 37 miles per gallon. those are dramatically lower than 47 miles per gallon. just for some point of reference, these are important vehicles for ford because as ford develops that hybri
we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >>...
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that's dogging every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's exactly what gazprom was planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. of. fields that somebody believes or so but again should. compete you should start. before the market for the next for pipeline for its part the european commission really insists that the south stream odors before launching their pipeline will have to guarantee independent companies unrestricted access to the pipeline i had a chance to discuss this issue with the head of the international energy agency earlier this week i think it's absolutely necessary that the issue of seoul stand you know in russia's interest in a single market who wants to be a big player on this market so that means that you have to learn to to play according to the rules but of course i'm not a negotiator and so it depends on the negotiations between russia and to.
that's dogging every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's exactly what gazprom was planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. of. fields that somebody believes or so but again should. compete you should start. before the market for the next for pipeline for its...
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. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you can't power civilization on wind today has to do with economics and engineering. >> reporter: he points for history. >> one of the reasons why fossil fuels are cheap is that they have received large subsidies from the federal government. >> reporter: right now wind power gets a subsidy, too. $1 billion a year from uncle sam. but that could vanish december 31st when the country hits the fiscal cliff. to caldera, that's the short-run risk. in the long run, he sees a clear, if not political pristine, path to more reliance on wind power. >> i think we'll eventually get to the point where we
. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you...
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we'll look at walter energy. walter energy is gaining on this market speculation on this news that bhp billiton is considering a cash bid for the u.s. coal producer, walter energy. that is why we're, at $55 a share. again these are according to reports, spokesman at hp headquarters that the report was market speculation. certainly enough to keep things moving around there. bhp shifted focus and cutting costs across the board. walter got a nice pop on the market speculation. pack to you. melissa: nicole, thanks so much. oil extending losses for the third day in a row. what is sending it lower? we head to the pits -- i'm sorry? lori: over here. melissa: okay. we head to the pits of cme. fox business contributor phil flynn price futures group to find out. >> i'm here. i'm right here. 86, we're just below 86, back above 86, the lowest level in three months. a lot of it being driven by lower gasoline prices. but also concern about the darn ecb. mario draghi talking about the slowing economy but saying he is not doing
we'll look at walter energy. walter energy is gaining on this market speculation on this news that bhp billiton is considering a cash bid for the u.s. coal producer, walter energy. that is why we're, at $55 a share. again these are according to reports, spokesman at hp headquarters that the report was market speculation. certainly enough to keep things moving around there. bhp shifted focus and cutting costs across the board. walter got a nice pop on the market speculation. pack to you....
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Dec 6, 2012
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we're seeing nuclear energy, for example, nuclear power plants will come to the region relatively soon if the arab spring does not interfere with those plans. the projections that are on the books come to be realized. if you go country by country and realize what the motivations might be, there are many factors and might lead in a different direction. it is difficult to make nuclear weapons. we would certainly push back on any of these states that are seeking to acquire nuclear arms. many of the states are very dependent on us. even saudi arabia is dependent on us to protect them right now , and provide advanced military equipment. that relationship would be completely endangered if they were seen to be moving down the wrong track. the same is true for egypt. maybe algeria, any other state we would like to identify. i do not need the cascade and to get extremely nervous about iran. there is much to worry about there. just an iran per se, and the threat they will present to us and others. focusing on iran because of what it can do itself. >> let me be a little more pessimistic. prolifer
we're seeing nuclear energy, for example, nuclear power plants will come to the region relatively soon if the arab spring does not interfere with those plans. the projections that are on the books come to be realized. if you go country by country and realize what the motivations might be, there are many factors and might lead in a different direction. it is difficult to make nuclear weapons. we would certainly push back on any of these states that are seeking to acquire nuclear arms. many of...
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Dec 6, 2012
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listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today. here's the deal. i was there early on, i was wrong. down 6% is not bad but there is a lot worse just a couple weeks ago when it was down 12% from where i bought it. so it's recovering. >> you like it? >> i do like it. i own it still. i have shaved part of my position but i still own most of it. i went wrong thinking nat gas would help it more than it did. nat gas is only 20% of the company. other 80% is coal and i hate coal so i shouldn't have done it. i think the news in nat gas today is good news in potentially opening up for sale lng. >>> let's see what seema mody's working on? >> tons of special dividends bein
listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today....
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the energy boom, housing is contributing to growth. also, the auto sector. however, if we look at consumer spending, it has begun to slow. it has slowed down. there's no reason to belief it's going to grow rather dramatically faster in the first half of next year. my view is without any action, the u.s. economy would grow at 2% to 3%. maybe a little less. with some action, say, $300 billion in cuts, then i have to subtract something for that, and i start to get close to zero. when you get close to zero, there's always the problem that the economy can't grow too slowly because it just loses momentum, and it's like a man on a bicycle and falls off. >> ali, what is the prescription here? what is the right balance between cutting these programs and the expenditures and also bringing revenue? >> look at it at a microlevel. peter talks about consumer spending, and you can put business spending into that. the bottom line is if everything that was bad in the fiscal cliff happened, there are some estimates it might take, you know, $2,500 out of the average family's s
the energy boom, housing is contributing to growth. also, the auto sector. however, if we look at consumer spending, it has begun to slow. it has slowed down. there's no reason to belief it's going to grow rather dramatically faster in the first half of next year. my view is without any action, the u.s. economy would grow at 2% to 3%. maybe a little less. with some action, say, $300 billion in cuts, then i have to subtract something for that, and i start to get close to zero. when you get close...
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h.r. 6582, an act to allow for innovations and alternative technologies that meet or exceed desired energy-efficient goals and so forth. mrs. hagan: i ask unanimous consent the bill be read three times and passed, the motion to reconsider be laid on the table with no intervening action or debate and any statements related to the bill be placed in the record at the appropriate place as if read. the presiding officer: without objection. mrs. hagan: i ask unanimous consent that the senate now proceed to the consideration of s. 3666 which was submitted earlier today. the presiding officer: without objection. the clerk will report. the clerk: s. 3666, a bill to amend the animal welfare act to modify the definition of exhibit or. the presiding officer: is there objection to proceeding with the measure? the presiding without objection. mrs. hagan: i ask unanimous consent that the bill be read a third time and passed, the motions to reconsider to be considered made and laid on the table with no intervening action or debate and that any statements relating to the measure be printed at the appropriate place i
h.r. 6582, an act to allow for innovations and alternative technologies that meet or exceed desired energy-efficient goals and so forth. mrs. hagan: i ask unanimous consent the bill be read three times and passed, the motion to reconsider be laid on the table with no intervening action or debate and any statements related to the bill be placed in the record at the appropriate place as if read. the presiding officer: without objection. mrs. hagan: i ask unanimous consent that the senate now...